nonsense - hufc18 Feb 2015 12:31
The cost of drilling in the North basin is approx $20-$30 million as well as understanding the geology better the drilling has become more efficient = reduction in costs.
Testing can come afterwards depending on positive results.
Fogl have $110 million by your calculations thats enough for 2 wells only
Am here for the sentiment on the campaign but seriously though if you dont understand a farm-in with a partner
with company taking a percentage and repaying back costs i.e. for seismics etc ARG look very tempting.
With 3D seismics done and close to Sea lion their Tyche propect looks promising especially if Chatham comes in for RKH.
I dont see the SP moving on any ramps so far so I dont understand your obsession here and also quoting Scotslass I can recall back in 2010 with Xcite flow testing, with all her so called inside knowledge she bailed out and we know what happened to the sp after that
So please give us a break we're all grown up here we all know the risks, you pay youre monies and take your chances